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CBA, Microsoft and KPMG launch SME platform

CBA, Microsoft and KPMG launch SME platform

(16 May 2018 – Australia) Commonwealth Bank of Australia is teaming up with Microsoft and KPMG to launch a business management platform for SMEs called Wiise.

Wiise, scheduled to launch in July, is a cloud-based platform created to help small businesses have better overview and control of their finances and business in general by combining accounting, payroll and banking, and operational functions, including HR, inventory and manufacturing.

The platform will integrate with CBA’s invoicing system and its banking data feeds, with users able to enquire, and in some cases apply, for specialised business banking products directly through the system.

Adam Bennett, group exec, business and private banking at CBA said, “We’re always looking for ways to better support SMEs to run and grow their business. Wiise is a great example of this commitment, and of our openness to working with leading business tools that bring our customers’ banking to wherever they’re doing business.”

Steven Worrall, MD, Microsoft Australia added, “As businesses mature, they experience the inevitable ‘growing pains’ and complexity that come with growth. The technology solutions that served them well when they first started out are no longer fit for purpose and they just want a solution that makes their business simpler to run and faster to grow but without the complexity of deploying large, expensive Enterprise Resource Planning solutions.”

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